Chicago, April 3 – Diameter CLO Advisors LLC issued $498.4 million of notes in a collateralized loan obligation coming from Diameter Capital CLO 6 Ltd./Diameter Capital CLO 6 LLC, according to a presale report.
The notes will mature on April 15, 2037.
The CLO consists of $305 million of class A-1 senior secured floating-rate notes at SOFR plus 161 basis points, $62.5 million of class A-2A senior secured floating-rate notes at SOFR plus 210 bps, $10 million of class A-2B 6% senior secured fixed-rate notes, $32.5 million of class B senior secured deferrable floating-rate notes at SOFR plus 260 bps, $23.75 million of class C-1 senior secured deferrable floating-rate notes at SOFR plus 380 bps, $6.25 million of class C-2 senior secured deferrable floating-rate notes at SOFR plus 500 bps, $15 million of class D senior secured deferrable floating-rate notes at SOFR plus 717 bps and $43.4 million of subordinated notes.
Diameter CLO Advisors LLC will manage the collateral through the end of the reinvestment period on April 15, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting April 15, 2026.
Barclays and Apollo Global Securities LLC were the placement agents.
Diameter Capital Partners is an investment firm based in New York.
| Issuer: | Diameter Capital CLO 6 Ltd./Diameter Capital CLO 6 LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $498.4 million
|
| Maturity: | April 15, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Barclays and Apollo Global Securities LLC
|
| Manager: | Diameter CLO Advisors LLC
|
| Call feature: | April 15, 2026
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
|
|
| Class A-1 notes
|
| Amount: | $305 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 161 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2A notes
|
| Amount: | $62.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | S&P: AA
|
|
|
| Class A-2B notes
|
| Amount: | $10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6%
|
| Rating: | S&P: AA
|
|
|
| Class B notes
|
| Amount: | $32.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | S&P: A
|
|
|
| Class C-1 notes
|
| Amount: | $23.75 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 380 bps
|
| Rating: | S&P: BBB
|
|
|
| Class C-2 notes
|
| Amount: | $6.25 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 500 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class D notes
|
| Amount: | $15 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 717 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $43.4 million
|
| Securities: | Subordinated notes
|
|
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